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What is the quick ratio for 2022? Windswept, Incorporated 2022 Income Statement (in millions) Net sales $ 9,320 Cost of goods sold 7,610 Depreciation 450
What is the quick ratio for 2022?
| Windswept, Incorporated | |
|---|---|
| 2022 Income Statement | |
| (in millions) | |
| Net sales | $ 9,320 |
| Cost of goods sold | 7,610 |
| Depreciation | 450 |
| Earnings before interest and taxes | $ 1,260 |
| Interest paid | 98 |
| Taxable income | $ 1,162 |
| Taxes | 407 |
| Net income | $ 755 |
| Windswept, Incorporated | |||||
|---|---|---|---|---|---|
| 2021 and 2022 Balance Sheets | |||||
| (in millions) | |||||
| 2021 | 2022 | 2021 | 2022 | ||
| Cash | $ 200 | $ 230 | Accounts payable | $ 1,250 | $ 1,310 |
| Accounts receivable | 940 | 840 | Long-term debt | 1,070 | 1,270 |
| Inventory | 1,720 | 1,650 | Common stock | 3,280 | 3,160 |
| Total | $ 2,860 | $ 2,720 | Retained earnings | 610 | 860 |
| Net fixed assets | 3,350 | 3,880 | |||
| Total assets | $ 6,210 | $ 6,600 | Total liabilities & equity | $ 6,210 | $ 6,600 |
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Value Investing
Authors: Mike Hartley
1st Edition
979-8864443309
